Earnings

VW said to push forward with main car-brand margin revival plan

Dec. 18, 2014 17:29 CET
Volkswagen approved projects for adding several hundred million euros to earnings in coming years in its effort to almost triple profit margins at the namesake car brand, according to sources....
Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Honda counts on new models to help end Europe woes

Dec. 8, 2014 06:01 CET
Honda says new models and a leaner organization will help it rebound in Europe in 2015 after seven years of falling sales....
Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector takes hit in Q3

Nov. 26, 2014 06:01 CET
Automakers and suppliers were hit hard in the third quarter while car retailers continued to make gains, according to the Automotive News Europe/PwC shareholder value report....
Read More »

 

Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Nov. 20, 2014 15:12 CET
Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired....
Read More »

 

Mobileye, maker of collision-avoidance tech, reports 70% revenue hike for Q3

3:06 pm U.S. ET | Nov. 20, 2014
Mobileye, which produces collision-avoidance technology, reported a 70 percent rise in revenue but posted a net loss for the third quarter....
Read More »

 

Schaeffler targets 12%-13% margin over long term

Nov. 18, 2014 12:30 CET
Schaeffler says it aims to keep its operating margin in the region of 12 percent to 13 percent over the long term as it expects the economic environment in its key markets to remain positive....
Read More »

 

Brembo Q3 net profit increases 51%

Nov. 15, 2014 06:15 CET
Italian brake maker Brembo reported a 51 percent rise in third-quarter net profit, boosted by higher sales and better margins. The supplier now targets sales to grow about 14 percent to 15 percent this year, up from a previous goal of 13 percent....
Read More »

 

Slowing Jaguar Land Rover sales hit Tata's profit

Nov. 14, 2014 16:04 CET
Jaguar Land Rover's slowing sales caused parent Tata's second-quarter profit to fall 7 percent. Net income dipped to 32.9 billion rupees ($533 million) in the quarter ended Sept. 30, the Indian company reported....
Read More »

 

Hertz to restate results, change fleet-purchase strategy

2:22 pm U.S. ET | Nov. 14, 2014
Hertz said today it will revise financial statements from 2011 through 2013 and continue a review that has found $87 million of errors so far. Hertz also said it's initiating a $100 million cost-reduction program and said it increased the rate at which it's selling the highest-mileage cars in its fleet by 45 percent....
Read More »

 

Renault gets boost from ratings agency

Nov. 12, 2014 11:47 CET
Renault's debt was raised to investment grade by Fitch Ratings, which said the carmaker's Dacia brand and its expanding sales outside Europe are improving profitability. The agency also increased Renault's credit rating by one level....
Read More »

 

Takata widens loss forecast, raises uncertainty over airbag liabilities

6:21 am U.S. ET | Nov. 6, 2014
Takata, the Japanese airbag supplier at the center of a safety crisis, widened its annual loss forecast, will skip a dividend payout and warned it can't estimate the full financial liability as regulators urge automakers to speed up recalls....
Read More »

 

Visteon posts Q3 loss on one-time items, but revenue rises 33%

10:24 am U.S. ET | Nov. 6, 2014
Visteon said today it posted a $21 million net loss for the third quarter because of charges from discontinued operations, but revenue surged 33 percent, helped by its acquisition of Johnson Controls' electronics business....
Read More »

 

Chrysler Group Q3 profits rise 32% to $611 million on Jeep, Ram gains

10:38 am U.S. ET | Nov. 5, 2014
Chrysler Group today reported net income rose 32 percent in the third quarter from a year earlier to $611 million as strong sales of its Jeep and Ram lines bolstered profits. Chrysler gained just over one point of market share in the United States over the same period a year ago to 12.3 percent on sales of 1,556,059 vehicles....
Read More »

 

Tesla sets delivery record but Q3 loss widens to $74.7 million

5:30 pm U.S. ET | Nov. 5, 2014
Tesla's net loss widened to $74.7 million in the third quarter on higher r&d outlays and other expenses. Revenue during the period nearly doubled to $851.8 million as the company delivered a record number of vehicles. The first deliveries of the Model X crossover have been delayed until the third quarter of 2015 to ensure the all-electric vehicle will “delight customers,” the company said....
Read More »

 

TrueCar boosts outlook as Q3 revenue jumps 51%

6:48 pm U.S. ET | Nov. 5, 2014
TrueCar, the online car-shopping platform, raised its outlook for the fourth quarter and full year as it continues to add dealers and draw more customers to its network....
Read More »

 

Toyota posts 23% jump in net income, helped by weak yen, cost cuts

3:38 am U.S. ET | Nov. 5, 2014
Toyota sidestepped stagnating sales to post double-digit profit increases in the July-September quarter, thanks to advantageous exchange rates and big cost cuts. Net income jumped 23 percent to 539 billion yen ($4.93 billion)....
Read More »

 

ADESA doubles Q3 profits on growing auction volume

2:29 pm U.S. ET | Nov. 5, 2014
KAR Auction Services, parent of ADESA, said its third-quarter net income more than doubled to $47 million from $22 million a year earlier, on revenues that increased 10 percent to $589 million....
Read More »

 

Nissan profit rises as record U.S. sales offset China slowdown

Nov. 4, 2014 10:46 CET
Nissan reported a slight increase in quarterly profit as record U.S. sales dulled the effect of a slowdown in China and continuing problems in Russia. The company also narrowed its loss in Europe....
Read More »

 

Continental remains upbeat on 2014 profit target despite powertrain unit writedown

Nov. 4, 2014 13:47 CET
Continental's third-quarter profit fell 6 percent as the supplier took a writedown in its powertrain unit, but the company said it could still beat its profit target this year....
Read More »

 

BMW profit rises 17% as SUV demand outpaces EVs, Mini

Nov. 4, 2014 08:27 CET
BMW said third-quarter earnings before interest and tax rose 17 percent as demand for its SUVs more than offset slow sales of its electric cars and Mini brand. The automaker stuck to its forecast for a "significant" increase in 2014 pretax profit....
Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW, Renault, GM, others bet big on megaplatforms

Nov. 3, 2014 06:15 CET
VW, Renault and GM are among the automakers embracing flexible, globally compatible megaplatforms as a key to future success. Rivals that don't join them quickly, including Fiat Chrysler and PSA, run the risk of being left behind, analysts say....
Read More »

 

Audi profit margin slips as new plants in Mexico and Brazil offset sales gains

Nov. 3, 2014 11:30 CET
Audi's profitability slipped during the third quarter as spending on new factories and models outweighed gains from record sales. Audi is spending more than $1.3 billion on plants in Mexico and Brazil....
Read More »

 

Cooper-Standard profits rise on higher sales, M&A moves

12:40 pm U.S. ET | Oct. 31, 2014
Cooper-Standard Holdings reported higher earnings in the third quarter from increased North American and Asian sales as well as merger and acquisition activity....
Read More »

 

American Axle Q3 profits rise as non-GM business grows

1:19 pm U.S. ET | Oct. 31, 2014
Powertrain components supplier American Axle & Manufacturing Holdings, which has been ramping up its non-General Motors business in recent years, today reported strong gains in third-quarter net income and revenues....
Read More »

 

Denso's first-half operating profit falls 16% on r&d costs

8:56 am U.S. ET | Oct. 31, 2014
Japan's Denso, the world's second-largest auto supplier, today said it posted a 16 percent decline in six-month operating profit, as development costs and investment outweighed a rise in revenue....
Read More »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
» Watch the Video
     
News by Brand